In the following year, the number of apartment owners’ cooperative societies (condominiums) in Azerbaijan may reach 50. Now there are 17 unions of the kind that have passed state registration, reporters were told at a "round table" meeting of the cooperative societies on the problems and prospects by the head of the department of housing and communal policy of the Ministry of Economy and Industry of AR Nizami Gasimov.
According to him, the work is carried out in a joint project with the World Bank on the diagnosis of the housing stock of the country. In his speech, the official made the emphasis on stimulating new methods of housing management, public support for the creation and application of cooperative societies and the international experience in this field. --17D-
Economics
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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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The launch of the Azeri Central East (ACE) platform in Azerbaijan's Caspian Sea shelf marked an important milestone for BP in 2024, said BP CEO Murray O'Kinkloss on February 11, presenting the company's 2024 report.
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Cargo transportation along the Middle Corridor (Trans-Caspian International Transport Route, TMTM) reached a record 3.3 million tons in 2024, marking a 20% increase year-on-year, according to the Secretary General of the International Association "Trans-Caspian International Transport Route" Khaydar Abdikerimov.
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Azerbaijan’s national carrier AZAL and Israel’s El Al Airlines have announced a new partnership under a codeshare agreement, allowing passengers of both airlines to access joint flights, the carriers said in a statement on Sunday.
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